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A report out of Brazil says Rio-based Cia. Vale do Rio Doce mining company may be readying a takeover bid for one of three mining giants, including Phoenix-based Freeport McMoRan Copper & Gold
Vale has reportedly also investigated Anglo American Plc, and aluminum producer Alcoa Inc. Vale may be selling $30 billion of shares to finance the takeover.
Similar rumors have been floating around Indonesia
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